More information about location
SaaS buying platform
Be an early applicant
SaaS buying platform
201-500 employees
Be an early applicant
More information about location
201-500 employees
To change how companies find, buy, and manage SaaS.
Desirable
For enterprises, purchasing software is often a drawn-out and expensive process involving multiple stakeholders and salespeople. Vendr has built a platform that allows businesses to purchase software using software. The aim is to make enterprise software purchases as easy as consumer product purchases.
It's a lucrative business, not just because of the proliferation of B2B SaaS tools, but also because of the revenue potential: Vendr charges its customers between 1% and 5% of its software spend that it manages. This model works for Vendr and its customers, as the latter will typically save significantly more than this by using Vendr.
Vendr has already supported an impressive set of customers, including Canva, Grammarly, GitLab, Brex, HubSpot and InVision. An example of its commitment to improvement is in the launch of Vendr 2.0, that combines its SaaS purchasing and management products to give enterprise customers enhanced visibility into software purchase and use, allowing them to reduce overspend and purchase better software faster and cheaper.
Kirsty
Company Specialist at Welcome to the Jungle
Jun 2022
$150m
SERIES B
Feb 2022
$66m
LATE VC
Back Bay East, Boston, MA
Ryan Neu
(CEO)Prior to founding Vendr, Neu was head of Enterprise Sales for InVision and Director of SMB Sales for HubSpot.
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